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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total Revenues $ 108,294 $ 88,071 $ 275,218 $ 243,697
Costs and Expenses:        
Lease operating expenses 16,898 8,813 43,287 23,705
Production and ad valorem taxes 7,242 5,826 18,573 14,854
Exploration costs 231 20 643 1,540
Depletion, depreciation, amortization and accretion 18,706 8,346 46,390 22,167
General and administrative:        
Administrative costs 5,530 5,154 17,497 13,567
Share-based compensation expense 1,109 704 3,448 2,274
Transaction costs 221 0 5,760 2,638
Total Costs and Expenses 50,065 28,952 135,945 81,008
Income From Operations 58,229 59,119 139,273 162,689
Other Income (Expense):        
Interest expense, net (10,338) (585) (21,515) (1,960)
Gain (loss) on derivatives (35,345) 17,600 (20,925) (44,395)
Gain (loss) from equity method investment 23 0 (213) 0
Total Other Income (Expense) (45,660) 17,015 (42,653) (46,355)
Net Income From Operations Before Income Taxes 12,569 76,134 96,620 116,334
Income tax expense (3,922) (16,317) (23,054) (25,130)
Net Income $ 8,647 $ 59,817 $ 73,566 $ 91,204
Net Income per Share:        
Basic (USD per Share) $ 0.44 $ 3.06 $ 3.74 $ 4.67
Diluted (USD per Share) $ 0.43 $ 3.05 $ 3.68 $ 4.65
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 19,680 19,546 19,667 19,530
Diluted (in Shares) 19,989 19,587 19,964 19,632
Related Party        
General and administrative:        
Cost of contract services $ 128 $ 89 $ 347 $ 263
Oil and natural gas sales, net        
Revenues:        
Total Revenues 107,694 87,471 273,418 241,897
Contract services - related parties        
Revenues:        
Total Revenues $ 600 $ 600 $ 1,800 $ 1,800